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Forex Reserves

  Jul 19, 2021

Forex Reserves

Q Why is it News ?
According to the recent data from the Reserve Bank of India, India’s Foreign Exchange (Forex) Reserves surged by $ 5 billion to $ 609 billion. Q What is meant by Foreign Exchange Reserves ? Q How much has Forex reserve changed ? Q What is objective of holding Forex Reserves ? Q What is significance of rising forex reserves ? Q What is Foreign Currency Assets ?
            Foreign Currency Assets
Q What are Special Drawing Rights ?
            Special Drawing Rights Q What is Reserve Position in the International Monetary Fund ?
Reserve Position in the International Monetary Fund